Cedi slides as demand for forex increases; one dollar equals GH¢11.70

On the interbank market, the local currency weakened by 1.55% against the dollar, 1.66% against the pound, and 0.90% to the the euro, closing at mid-rates of GH¢10.94 against US dollar, GH¢14.62 to the the pound and GH¢12.61 to the euro.

By Charles Nixon